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When using a T account to determine an account balance, which of the following statements is incorrect? Multiple Choice The balance always appears on the
When using a T account to determine an account balance, which of the following statements is incorrect?
Multiple Choice
- The balance always appears on the side of the T account on which the account increases.
- A footing may be used to total a single side of the T account.
- The balance is placed on the side of the T account with the larger total.
- If a T account contains only one amount, then that amount is the balance.
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